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Crowdfunding to drive regional Innovation (CrowdInno)
Start date: Apr 30, 2016, End date: Apr 29, 2019 PROJECT  FINISHED 

CrowdInno`s main objective is to establish innovation networks enabling the public sector to support SMEs, spin-offs and start-ups to access qualitative alternative financing (crowdfunding) and to exploit the resulting findings for more innovation in the Danube Region.CrowdInno will enable public service providers to support spin-offs, start-ups & SMEs creating their pitching campaigns for crowdfunding. Further it will link the creative industry with the spin-offs, start-ups & SMEs in order to develop high quality pitching campaigns. Successful spin-offs, start-ups & SMEs will be ready for public/private match-funding.CrowdInno aims to create different pilot models of cooperation between those actors. Such models can be:1. Incubator model- business incubators offer trainings on crowdfunding- local academic media-schools develop crowdfunding & pitching strategies with start-ups- start-ups will be presented on crowdfunding platforms2. Innovation Fund model- start-ups use seed funds to create their pitching videos with the local creative industry- crowdfunding platforms take up those start-ups - successful campaigns receive match-funding from innovation funds3. Crowd-selection model- the local media school gets funded to create pitching videos for local start-ups- a local social network selects the most promising start-ups (crowd-selection)- a jury conducts the final selection for the best start-up for innovation funding Expected Results: CrowdInno deliverables - transnational quality label tools for crowdfunding services (reward-based, peer to peer, EQUITY)- Transnational innovation networks to support spin-offs, start-ups & SMEs to create partnership with creative sectors to attract investments, (e.g. crowdfunding) - training material and guideline to support public actors develop innovative services to support SMEs approaching crowdfunding- trainings for innovation promoters on crowdfunding- pilot actions on public supported campaigning models for crowdfunding
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